Rumford Group Home Inc

Rumford Group Home Inc consistently operates with a surplus and reports no officer compensation.

EIN: 10329300 · Rumford, ME · NTEE: P730 · Updated: 2026-03-28

$1.2MRevenue

$5.1MAssets

90/100Mission Score (Excellent)

P730

About Rumford Group Home Inc

Rumford Group Home Inc (EIN: 10329300) is a nonprofit organization based in Rumford, ME, classified under NTEE code P730. The organization reported total revenue of $1.2M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rumford Group Home Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Rumford Group Home Inc demonstrates consistent financial operations, with revenues generally exceeding expenses in recent years, contributing to stable asset growth. For instance, in 2023, revenue was $1,393,609 against expenses of $1,336,601, resulting in a surplus. The organization's assets have steadily grown, reaching $5,139,235 in 2023, indicating sound financial management and capacity. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing resources towards its mission rather than executive salaries, enhancing its transparency and public trust.

While specific breakdowns of program, administrative, and fundraising expenses are not directly provided in the summary data, the overall financial health appears robust. The organization maintains a healthy asset base relative to its annual revenue, providing a buffer for operations. The absence of reported officer compensation is a significant positive indicator of financial stewardship and transparency, aligning well with best practices for non-profits.

Overall, Rumford Group Home Inc appears to be a financially stable organization with a clear focus on its mission, as evidenced by its consistent financial performance and the notable lack of executive compensation. This suggests a high degree of efficiency in resource allocation, though a detailed breakdown of spending would further clarify its operational efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Rumford Group Home Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Rumford Group Home Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Rumford Group Home Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a strong dedication to mission-focused spending.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Rumford Group Home Inc's IRS 990 filings:

Lack of detailed expense breakdown in summary data prevents precise efficiency analysis.

Strengths

The following positive indicators were identified for Rumford Group Home Inc:

Consistent financial surpluses in recent years (e.g., $1,393,609 revenue vs. $1,336,601 expenses in 2023).
Zero reported officer compensation across all filings, indicating high dedication to mission.
Healthy and growing asset base, reaching $5,139,235 in 2023.
Strong asset-to-liability ratio (approx. 3.76:1 in 2023).

Frequently Asked Questions about Rumford Group Home Inc

Is Rumford Group Home Inc a good charity?

Based on the available financial data, Rumford Group Home Inc appears to be a financially sound and well-managed charity. It consistently operates with a surplus, maintains a healthy asset base, and notably reports 0% officer compensation, suggesting a strong commitment to its mission.

How has Rumford Group Home Inc's revenue trended over the past few years?

Rumford Group Home Inc's revenue has fluctuated but generally remained stable, ranging from $943,512 in 2020 to $1,393,609 in 2023, with a peak of $2,009,083 in 2017. The most recent filing shows an increase from the previous year.

What is the organization's asset-to-liability ratio?

In 2023, Rumford Group Home Inc had assets of $5,139,235 and liabilities of $1,365,209, resulting in an asset-to-liability ratio of approximately 3.76:1, indicating a strong financial position.

Filing History

IRS 990 filing history for Rumford Group Home Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Rumford Group Home Inc's revenue has declined by 21.6%, moving from $1.8M to $1.4M. Total assets decreased by 2.5% over the same period, from $5.3M to $5.1M. Total functional expenses fell by 30.5%, from $1.9M to $1.3M. In its most recent filing year (2023), Rumford Group Home Inc reported a surplus of $57K, with revenue exceeding expenses. The organization holds $1.4M in liabilities against $5.1M in assets (debt-to-asset ratio: 26.6%), resulting in net assets of $3.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.4M	$1.3M	$5.1M	$1.4M	—	View 990
2022	$1.2M	$1.2M	$5.4M	$1.7M	—	View 990
2021	$1.2M	$1.1M	$5.2M	$1.4M	—	View 990
2020	$944K	$1.2M	$4.8M	$1.5M	—	View 990
2019	$1.4M	$1.5M	$5.1M	$1.6M	—	View 990
2018	$1.8M	$1.5M	$5.1M	$1.5M	—	View 990
2017	$2.0M	$1.5M	$4.8M	$1.6M	—	View 990
2016	$1.6M	$1.4M	$4.4M	$1.6M	—	View 990
2015	$1.5M	$1.4M	$4.7M	$2.1M	—	View 990
2014	$1.4M	$1.4M	$4.9M	$2.4M	—	View 990
2013	$1.4M	$1.3M	$4.8M	$2.4M	—	View 990
2012	$1.4M	$1.3M	$5.0M	$2.7M	—	View 990
2011	$1.8M	$1.9M	$5.3M	$3.1M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.4M, expenses of $1.3M, and assets of $5.1M (revenue +13.4% year-over-year).
2022: Revenue of $1.2M, expenses of $1.2M, and assets of $5.4M (revenue -1.5% year-over-year).
2021: Revenue of $1.2M, expenses of $1.1M, and assets of $5.2M (revenue +32.3% year-over-year).
2020: Revenue of $944K, expenses of $1.2M, and assets of $4.8M (revenue -33.6% year-over-year).
2019: Revenue of $1.4M, expenses of $1.5M, and assets of $5.1M (revenue -22.0% year-over-year).
2018: Revenue of $1.8M, expenses of $1.5M, and assets of $5.1M (revenue -9.4% year-over-year).
2017: Revenue of $2.0M, expenses of $1.5M, and assets of $4.8M (revenue +23.0% year-over-year).
2016: Revenue of $1.6M, expenses of $1.4M, and assets of $4.4M (revenue +8.9% year-over-year).
2015: Revenue of $1.5M, expenses of $1.4M, and assets of $4.7M (revenue +7.6% year-over-year).
2014: Revenue of $1.4M, expenses of $1.4M, and assets of $4.9M (revenue -0.8% year-over-year).
2013: Revenue of $1.4M, expenses of $1.3M, and assets of $4.8M (revenue -1.8% year-over-year).
2012: Revenue of $1.4M, expenses of $1.3M, and assets of $5.0M (revenue -19.7% year-over-year).
2011: Revenue of $1.8M, expenses of $1.9M, and assets of $5.3M.

Data Sources and Methodology

This transparency report for Rumford Group Home Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.